RAND CAPITAL CORP — Director's Dealing 2010

Jan 8, 2010

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: RAND CAPITAL CORP (RAND)
CIK: 0000081955
Period of Report: 2010-01-05

Reporting Person: NEWMAN REGINALD B II (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-05	Common Stock	G	32662	—	Disposed	356973	Direct

Footnotes

F1: Transaction voluntarily reported earlier than required.